Montepio | Company Protocoled Lines Online Simulator


ITSCREDIT has once again contributed to Banco Montepio taking another step in its digital transformation process with the implementation of an online simulator to support entrepreneurs in applying for the Covid-19 Economy Support Line - Medium and Large Tourism Companies.

This is a line of credit that seeks to support the treasury needs of tourism companies affected by the COVID-19 pandemic.

ITSCREDIT's intervention was to make available in the Digital Credit process, already implemented in Banco Montepio's digital solutions, a unique tool in the market, facilitating decision making by allowing the assessment and comparison of various financing options at a distance.

Those interested in applying for the Covid-19 Economy Support Lines (whether or not they are customers of Banco Montepio) can remotely simulate several financial plans on the bank's website, with the maximum conditions of the line and immediately get to know the main variables of the loan - amount of the first instalment, rate and term.

With the support of a comparator, they can also evaluate the various simulations tested and better understand the impact of variables such as the term, amount, and grace period, and then choose the plan that best suits their financial situation.

This new online simulator joins three others already developed by the banking institution in the pandemic context: the simulator for the Economy Support Line Covid-19 - Micro and Small Companies and for the Covid-19 Social Sector Support Line and for the Covid-19 Economy Support Line - Travel Agencies and Tour Operators.

The ease of adaptation of ITSCREDIT's digital platform enabled the implementation of the new functionality in record time. These solutions provide Banco Montepio with a reduction in time-to-market in the availability of new credit products, as well as the introduction of significant improvements and reduction in response time in credit decisions.